New Delhi: India on Sunday imposed higher tariffs on 28 items imported fromthe US, in retaliation to Washington´s recent withdrawal of tradeprivileges for New Delhi.
The increased duties apply to products including almonds, apples andwalnuts, the Central Board of Indirect Taxes and Customs said.
India would “implement the imposition of retaliatory duties on 28 specifiedgoods originating in or exported from (the) USA”, it said in a notification.
The list initially included 29 goods but artemia, a kind of shrimp, hasbeen removed from the list.
India is the number two market of California almonds and Washington apples.
The trade tensions come despite efforts from Washington to boost ties withIndia as a counterweight to China, and assertions made by both US PresidentDonald Trump and Indian Prime Minister Narendra Modi about their goodrelationship.
The stage for the row was set last year after Washington refused to exemptIndia from higher steel and aluminium tariffs, in keeping with Trump´sdecision to act against countries with which it has a large trade deficit.
India responded by saying it would raise import taxes on a slew of US goods.
But it delayed raising tariffs several times, hoping for negotiation totackle the sticky trade issue.
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However Trump´s decision this month to strip New Delhi of its preferentialtrade status appears to have prompted the latest Indian move.
According to the new tariffs, import duty on walnut has been hiked to 120percent from 30 percent and on chickpeas and lentils it has been raised to70 percent from 30 percent currently.
The trade row is likely to be taken up when Trump and Modi meet at the G20summit on June 28-29 in Osaka.
It is also likely to figure during talks with US Secretary of State MikePompeo who is set to visit India later this month.
US goods and services trade with India stood at an estimated $142.1 billionin 2018. The US trade deficit with India was $24.2 billion, according toofficial data.
Washington is already engaged in a full-blown trade war with India´sregional rival China. -APP/AFP
